WHEREAS co-operative housing units were built in great numbers until the mid 1990’s, but the aging structures now need repair, and

WHEREAS funds for renewal and getting funding for ongoing maintenance may be difficult, and

WHEREAS these forms of housing support a large number of seniors and families with rent which may be geared to income, and

WHEREAS the federal government funds for co-operative structures has diminished over the last 25 years, and

WHEREAS investment is urgently needed to fund the building of new lowcost structure,

THEREFORE BE IT RESOLVED that the National Pensioners Federation encourage the federal government to offer land trust or lease extensions to help co-ops invest in rehabilitation and maintenance of aging structures and construction of new ones.

Submitted by COSCO of B C